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#indexationbenefit #taxesinindia…(read more)
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The UK government recently announced that April 2023 will see the introduction of the Indexation Benefit. The policy change will impact how capital gains tax is calculated, and it could lead to more people paying higher taxes.
The Indexation Benefit is a tax relief that has been in place for many years. It adjusts the cost of an asset for inflation when calculating the capital gains tax. This means that if someone sells an asset for more than they paid for it, they only pay tax on the gain after adjusting the cost for inflation.
However, the government plans to abolish the Indexation Benefit in April 2023. The change will mean that people will have to pay more tax on their capital gains. This is because they will no longer get the benefit of having the cost of the asset adjusted for inflation.
The move has been criticized by some as a stealth tax increase. It will mean that people who have held assets for a long time will pay more tax when they sell, even though the value of their investment may not have increased in real terms.
The new policy will affect a wide range of assets, including property, shares, and businesses. It will impact individuals who sell assets for more than £12,300 in a tax year, as well as businesses that dispose of assets for more than £6 million.
The government predicts that the change will bring in an additional £890 million in tax revenue over the next five years. This is because more people will be paying tax on their capital gains at a higher rate.
However, some experts have raised concerns that the change could discourage people from investing in long-term assets. This could have a negative impact on the economy, as investment in businesses and property is important for economic growth.
In summary, the Indexation Benefit is set to be abolished in April 2023, leading to more people paying higher taxes on their capital gains. The policy change has been criticized as a stealth tax increase, but the government hopes it will bring in additional revenue. However, concerns have been raised about the potential impact on investment in long-term assets.
Even now if you could do a small trade on the SPX, or SPY it would be greatly appreciated
Brilliant! Moving to trade US stocks is the best idea ever !!!
Sir please show your p&l
good presentation Sundar. Govt couldnt keep the real interest rate positive keeping FD rates lower than the inflation rate. This is odd and people with surplus funds and need to invest riskfree had an avenue to invest through debt funds. And, this is locked now… Sad. Ideally, Govt should have allowed indexation on reinvestement scheme on FDs, instead they did othewise. tough life.
Share your pnl 22 23
Traders need a daily routine that they love. If you don't love it, you're not gonna do it
Oru puriyala
Which broker with good rates are you planning to use for usa markets?
Govt love to tax.b
We forget that there’s also a banking crisis going on, so there’s going to be some pain that’s really going to cripple small and medium businesses. We are going to see some tough times and are probably going to see this play out in markets
same middle class is squeezed more and more.
Sir, I'm really curious to know where you've invested in omr 15 years ago and it has not appreciated. The apartment which I'm renting in Shollinganallur has appreciated 15% in the last one year. If there are cheap apartments, do let me know.
I understand that indexation benefit is removed only for debt funds invested after 01/04/2023
Very few people explaining things, important events and big news like him day in or day out. Why so many people always try to complain about him. Follow or not follow that's your choice. But don't do this.
Voting BJP out next year, only way to reduce taxes .
Great know-how & sharing of knowledgebase..
I think he is hiding his p/l statement
Pls don't hide
He has not yet shown the home tour
My humble thanks to you Sir. Indexation tax benefit explained in an instantly understandable way. Salute to you Sir.
Acumen Capital Market & Touch is the worst broker in India. Not even think to open a trading account with them. Beware! This is as per my experience with them
Are you finance minister.spreading rumours is not good.indexation of real estate rumour has been there for last 10years at least.just make profit only then pay tax at rate applicable and go to bed peacefully.the key word is PROFIT.dont make losses which you will 100% make in trading.
Sir your P&L sir
Thank you for this video
time to throw out this Gov…
enough of taxes & stealing from the common man's purse!
I got 6000 divided i wonder how much Pr Sundar gets
Good news